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Types of Goods. a) What type of good goes in which blank? Rival Non Rival Exclusion X Non Exclusion X b) Illustrate how deriving the
Types of Goods.
a) What type of good goes in which blank?
Rival | Non Rival | |
Exclusion | X | |
Non Exclusion | X |
b) Illustrate how deriving the aggregate demand curve for a public good differs from deriving the demand curve for a private good, and explain how this difference relates to your answers to
Aggregate demand for a private good:
Aggregate demand for a public good:
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